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A market on thin ice.

Eric Alexander reports from this year's IUMI conference, where (re)insurers voiced concerns about the marine market's ability to absorb heavy losses.

The general consensus of the corridor talk at this year's
International Union of Marine Insurance (IUMI) conference in Lisbon was
that a halt to the downward slide in rates is urgently required

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Storm damage claims test insurers’ settlement choices

A year of severe storms has strained repair networks and claims operations, which Ben Blain, head of property at Verisk Claims, points out has placed insurers’ settlement decisions, data oversight and ability to evidence fair customer outcomes firmly under the regulatory spotlight.

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